Govt raises petrol price by Re0.88, diesel by Re0.53 per litre
- New prices are effective for October 21
The government has reduced petrol and high-speed diesel prices, effective October 21, citing global market developments. This adjustment follows a dip in oil prices amidst regional geopolitical tensions.
- New reduced prices for petrol and high-speed diesel.
- Global market factors influencing fuel price revisions.
- Impact of Houthi attacks on Saudi oil infrastructure.
The government on Tuesday increased the price of petrol by Re0.88 to Rs382.02 per litre and high-speed diesel (HSD) by Re0.53 to Rs389.80 per litre, effective October 21, 2026.
According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products in line with the pricing mechanism set by the federal government.
The revised prices will remain effective for October 21.
The Petroleum Division said the change was necessitated by global developments, including movements in Platts rates, premiums and incidentals.
On Monday, the government reduced the price of petrol by Rs5.16 to Rs381.14 per litre and high-speed diesel by Rs7.69 to Rs389.27 per litre.
Meanwhile, oil prices slipped from a five-month high during a choppy session on Tuesday as traders priced in Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.